Main feature of blockchain technology its anonymity and clarity. Almost everyone is able to find out about the stored funds amount, but no one gets access to the wallet owner personal data. This allowed the Diar portal to analyze the cryptocurrency market in May 2019.
A Diar study showed that some investors used a “cryptocurrency winter” to accumulate an asset. The amount of funds on wallets has increased in the category “from 1,000 to 10,000 btc” over the past 9 months. If in August 2018 it occupied 20% of the total, now it has increased to 26%.
In December 2018, the price of bitcoin fell to $ 3180. At the end of May 2019, the price reached $ 9005. This allowed some investors to get 280% of net profit.
It is quite possible that regular purchases of cryptocurrencies brought new investors from the “under 1000” category to this category. There is a possibility that larger players have reduced the Bitcoin wallets size. This assumption has its confirmation. Some losses are noticeable in the category "more than 10,000 btc". If earlier, they accounted for more than 25% of all coins, in May their share was only 16%.
In total, investors with a capital of more than 1,000, but less than 100,000 btc own 42% of all coins. They compete with those who have less than $ 1000 btc on the account. They account for 38%. Moreover, the share of such storage has also increased recently. In total, they received an additional 126,000 bitcoins.
More than 40% of the extracted cryptocurrency volume accumulates at "whales", whose wallet stores from 1,000 btc. This suggests that a significant part of the asset belongs to private miners and pools.
As simple calculations show, now approximately 20% of bitcoins are in wallets with volumes from 100,000 btc. 240,000 coins were withdrawn from the wallets for 9 months, which somewhat reduced their share. In total, 17,700,000 btc are in the blockchain. About 1 million of them belong to Satoshi Nakamoto.
According to estimates by Dadiani Syndicate, no more than 5 million coins are circulating in the market in fact. The rest either are put in long-term storage and are not used for trade, or simply irretrievably lost by their owners.
Cold cryptocurrency storage provides absolute security against unauthorized entry. However, the loss of a password makes it impossible to access funds.
That is, even a relatively small purchase or sale transaction is capable of changing the alignment in the cryptocurrency market. With a bitcoin price of $ 8,200, the total capitalization of all mined coins amounts to $ 142 billion. Bitcoins of 45-50 billion are in active circulation. Of course, this is a very large amount for the average user. However, to increase volatility, such capital is not required. Changing the demand or supply balance by a few percent will be able to change the situation dramatically. This is the main risk of a cryptocurrency investor.